1040 Hemphill Avenue; Atlanta, GA 30318

$740,000

Fantastic investment opportunity in Home Park--the heart of W. Midtown, situated between Atlantic Station, Westside Provisions district, and steps from Georgia Tech campus. Located less than 3 miles from Westside Park/Bellwood Quarry and the future 90 acre Microsoft campus. Brand new paint throughout entire home. Current furnishings negotiable. Est. actual cap rate 7.78% for unfurnished units, up to 8.3% w/ furnished units. NOI approx. $57,600 for unfurnished units. Current owners were previously receiving $6200 in rent.
Key Facts
  • Style:
  • Year Built: 1925
  • Status: Active
Schools
  • Elementary School: Centennial Place
  • Middle School: Centennial Place
  • High School: Midtown
Bedrooms
  • Beds Total: 8
  • Upper Bedrooms: 3
Bathrooms
  • Baths Full: 3
  • Baths Half: 0
  • Main Full Baths: 3
  • Master Bath Features: Other

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Private & Public Schools Nearby

  • 2 / 5
    Below
    Avg

    Centennial Academy

    531 LUCKIE STREET; Atlanta, GA 30313
    Charter KG-8th  |  847 students
    Metro Atlanta School Rank: 664th
  • 2 / 5
    Below
    Avg

    Centennial Academy

    531 LUCKIE STREET; Atlanta, GA 30313
    Charter KG-8th  |  847 students
    Metro Atlanta School Rank: 343rd

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Listing information last updated on January 27, 2022